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"Turkish Airlines" increases number of flights, plans rapid development in Baltic region

26.09.2012

The following is a press release from "Turkish Airlines":

The following is a press release from "Turkish Airlines":

Turkey’s national airline “Turkish Airlines” will increase the number of flights on the Riga-Istanbul route to 5 flights a week from September 13, offering the airline’s passengers even more convenient connections to over 200 destinations worldwide. Continuing to increase its presence in the region, the airline will also launch flights to the Maldives on November 24.

“Turkish Airlines” Director in the Baltic States Melih Yaman, who has been successfully managing the airline’s operations in the Baltic region for already a year, informs that work is under way on improving services for not only passengers flying from the Riga Airport – “Turkish Airlines” has impressive plans for the region and the airline will commence flights from Vilnius and Tallinn already next year.

“Turkish Airlines” global operations have also been highly successful in 2012, as attested by the airline’s financial results for the first six months. In the first half of 2012, “Turkish Airlines” sales revenue increased 36% from the same period in 2011, reaching TRY 6.7 billion. The airline’s net profit increased 142% to TRY 164 million.

“Turkish Airlines” achieved stronger first and second quarter results, compared to the same periods of last year. Despite the reported loss due to seasonal factors in the first quarter of the year, with the help of strong performance in the second quarter, “Turkish Airlines” posted profit in the first half of the year. Having net operating profit of TRY 271 million in the second quarter, “Turkish Airlines” posted TRY 52 million in net operating profit for the first half of 2012.

“Turkish Airlines” carried total of 18 million passengers with an increase of 20% on the same period last year. The total number of international destinations went up to 157, with addition of 8 new destinations to network. By increase of 19 aircrafts during the first half of the year, Turkish Airlines fleet reached to 194 aircraft in total, out of which were 151 narrow body, 37 wide body and 6 cargo.

As in 2011, being selected by Skytrax as the “Best Airline in Europe”, Turkish Airlines continues to maintain its successful performance with its strong financial structure and high quality service concept.

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